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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: oldirtybastard who wrote (179825)7/15/2002 11:02:38 AM
From: XBrit  Read Replies (1) of 436258
 
<<My prediction is we've got enough space to last us at least five years. The area's vacancy rate has risen to 32% from 3.5% in the late 1990s>>

More like 10-15 years. The true vacancy rate in the South Bay is probably closer to 50%, allowing for buildings that are partly occupied but grossly under-utilized.

There was a MASSIVE building orgy here, and it kept going on auto-pilot for months after the tech bubble burst... because most of the buildings were being built under contract and the contracts had no cancellation clauses.
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